0001193125-13-373433.txt : 20130920 0001193125-13-373433.hdr.sgml : 20130920 20130920165229 ACCESSION NUMBER: 0001193125-13-373433 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130920 DATE AS OF CHANGE: 20130920 GROUP MEMBERS: 1272562 ONTARIO INC. GROUP MEMBERS: E.J.K. HOLDINGS INC. GROUP MEMBERS: OAKMONT CAPITAL INC. GROUP MEMBERS: TERENCE M. KAVANAGH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINGSWAY FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0001072627 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 999999999 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78501 FILM NUMBER: 131108384 BUSINESS ADDRESS: STREET 1: 45 ST. CLAIR WEST STREET 2: SUITE 400 CITY: TORONTO STATE: A6 ZIP: M4V 1K9 BUSINESS PHONE: 9056778889 MAIL ADDRESS: STREET 1: 150 PIERCE RD CITY: ITASCA STATE: IL ZIP: 60143 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Hannon Gregory Paul CENTRAL INDEX KEY: 0001538186 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: OAKMONT CAPITAL INC. STREET 2: 45 ST. CLAIR AVENUE WEST, SUITE 400 CITY: TORONTO STATE: A6 ZIP: M4V 1K9 SC 13D/A 1 d599460dsc13da.htm SCHEDULE 13D AMENDMENT NO. 3 Schedule 13D Amendment No. 3

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

 

 

Kingsway Financial Services Inc.

(Name of Issuer)

Common Stock, no par value per share

(Title of Class of Securities)

496904202

(CUSIP Number)

Terence M. Kavanagh

45 St. Clair Avenue West, Suite 400

Toronto, Ontario, Canada M4V 1K9

Telephone: (416) 923-1477

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 16, 2013

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  ¨.

 

 

 

  1   

NAME OF REPORTING PERSONS

 

Oakmont Capital Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

WC    

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

Not Applicable

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Ontario, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER

 

1,456,250

     8   

SHARED VOTING POWER

 

0

     9   

SOLE DISPOSITIVE POWER

 

1,456,250

   10   

SHARED DISPOSITIVE POWER

 

0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,538,750 (See Item 5 herein)

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

Not Applicable

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –

 

9.37% (See Item 5 herein)

14  

TYPE OF REPORTING PERSON

 

CO

  1   

NAME OF REPORTING PERSONS

 

E.J.K. Holdings Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

WC

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

Not Applicable

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Ontario, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER

 

6,000

     8   

SHARED VOTING POWER

 

1,456,250

     9   

SOLE DISPOSITIVE POWER

 

6,000

   10   

SHARED DISPOSITIVE POWER

 

1,456,250

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,538,750 (See Item 5 herein)

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

Not Applicable

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –

 

9.37% (See Item 5 herein)

14  

TYPE OF REPORTING PERSON

 

CO

 

  1   

NAME OF REPORTING PERSONS

 

1272562 Ontario Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x         (b)  ¨

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

WC

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

Not Applicable

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Ontario, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER

 

3,000

     8   

SHARED VOTING POWER

 

1,456,250

     9   

SOLE DISPOSITIVE POWER

 

3,000

   10   

SHARED DISPOSITIVE POWER

 

1,456,250

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,538,750 (See Item 5 herein)

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

Not Applicable

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –

 

9.37% (See Item 5 herein)

14  

TYPE OF REPORTING PERSON

 

CO

 

  1   

NAME OF REPORTING PERSONS

 

Terence M. Kavanagh

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

PF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

Not Applicable

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER

 

28,750

     8   

SHARED VOTING POWER

 

1,462,250

     9   

SOLE DISPOSITIVE POWER

 

28,750

   10   

SHARED DISPOSITIVE POWER

 

1,462,250

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,538,750 (see Item 5 herein)

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

x (See Item 5 herein)

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –

 

9.37% (See Item 5 herein)

14  

TYPE OF REPORTING PERSON

 

IN

 

  1   

NAME OF REPORTING PERSONS

 

Gregory P. Hannon

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  x        (b)  ¨

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

PF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

Not Applicable

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER

 

31,000

     8   

SHARED VOTING POWER

 

1,473,000

     9   

SOLE DISPOSITIVE POWER

 

31,000

   10   

SHARED DISPOSITIVE POWER

 

1,473,000

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,538,750 (See Item 5 herein)

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

x (See Item 5 herein)

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –

 

9.37% (See Item 5 herein)

14  

TYPE OF REPORTING PERSON

 

IN

 

This Amendment No. 3 to Schedule 13D (this “Amendment”) amends the Statement on Schedule 13D filed on March 5, 2009, as previously amended on December 12, 2012 and September 13, 2013 (the “Schedule 13D”) by Oakmont Capital Inc., an Ontario corporation (“Oakmont”), E.J.K. Holdings Inc., an Ontario corporation (“EJK”), 1272562 Ontario Inc., an Ontario corporation (“1272562”), and Gregory P. Hannon and Terence M. Kavanagh, each of whom are citizens of Canada (collectively, the “Reporting Persons”). Capitalized terms used herein not otherwise defined shall have the meaning ascribed to them in the Schedule 13D. All references to shares of common stock in this Amendment have been adjusted for the rights offering which expired on September 6, 2013 (the “Rights Offering”).

Item 4. PURPOSE OF TRANSACTION.

Item 4 of the Schedule 13D is hereby amended by inserting the following:

In addition, in connection with the previously announced rights offering of the Issuer, the Reporting Persons have received 381,250 Series A Warrants and 381,250 Series B Warrants of the Issuer. Each such warrant entitles the Reporting Persons to purchase one Share. The terms and conditions of the Series A Warrants and Series B Warrants are set forth in the Common Stock Series A Warrant Agreement and Common Stock Series B Warrant Agreement identified in Item 7 below.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

Item 6 of the Schedule 13D is hereby amended, restated and replaced in its entirety by the following:

Except for the agreements listed in Item 7 below and the warrants described in Item 4 above, none of the Reporting Persons nor any person referred to in Schedule A attached hereto, has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

Item 7 of the Schedule 13D is hereby amended, restated and replaced in its entirety by the following:

 

1. Joint Filing Agreement of the Reporting Persons

 

2. Common Stock Series A Warrant Agreement

 

3. Common Stock Series B Warrant Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

September 20, 2013

 

OAKMONT CAPITAL INC.
By:   /s/ Terence M. Kavanagh
Name: Terence M. Kavanagh
Title: President

 

E.J.K. HOLDINGS INC.
By:   /s/ Terence M. Kavanagh
Name: Terence M. Kavanagh
Title: President

 

1272562 ONTARIO INC.
By:   /s/ Gregory P. Hannon
Name: Gregory P. Hannon
Title: President

 

/s/ Terence M. Kavanagh
Terence M. Kavanagh

 

/s/ Gregory P. Hannon
Gregory P. Hannon